Berkeley CSUA MOTD:Entry 37401
Berkeley CSUA MOTD
2017/09/24 [General] UID:1000 Activity:popular

2005/4/28 [Finance/Banking, Finance] UID:37401 Activity:high
        Look at the purple "National Debt Corrected for Inflation", and look
        at how it skyrocketted after mid 80s. What happened?
        \_ Reagan.
           \_ But he's such a charming and honest looking guy!
              \_ But he won the Cold War (by outspending the Soviets)!
              \_ But he won the Cold War!  In a race with the Soviets on "who
                 could spend the most on the biggest nuclear stockpile /
                 conventional arms", the U.S. won!
                 \_ And because of that there's little threat of MAD.
                    But do you care? No. Because it did not happen.
                 \_ Reagan did not end the cold war. The Russian people
                    ended the cold war. They got sick of it and their
                    lameass government before we did, that is all.
                    \_ The Red Sox didn't win the World Series. The Cardinals
                       just didn't feel like scoring enough runs, that is all.
                       \_ If the Cardinals had risen up, overthrown their
                          coach and owner and declared a forfeit, your
                          analogy might hold. But they did not.
           \_ Yet another data that proves that Ronald Reagan is one of the
              most charming criminals in the world. DEATH TO RONALD REAGAN!!!
2017/09/24 [General] UID:1000 Activity:popular

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2013/7/31-9/16 [Reference/RealEstate, Finance/Investment] UID:54720 Activity:nil
7[31    Suppose you have a few hundred thousand dollars in the bank earning
        minimum interest rate and you're not sure whether you're going to
        buy a house in 1-5 years. Should one put that money in a more
        risky place like Vanguard ETFs and index funds, given that the
        horizon is only 1-5 years?
        \_ I have a very similar problem, in that I have a bunch of cash
2013/5/13-7/3 [Finance/Banking] UID:54676 Activity:nil
5/13    Does FDIC ever matter? How likely is it that your deposit of
        over $250k going to be screwed over in a major US bank?
        \_ Was Washington Mutual a major bank?
        \_ Was Washington Mutual a major US bank?
        \_ Hahahahahahahahahahaha. Good one.
        \- As with nuclear weapons, this insurance produces much of its value
2013/3/9-4/16 [Finance/Banking] UID:54621 Activity:nil
3/9     In a 15/30 year loan, the amount of payment stays the same but
        the payment on interest decreases while the principal increases.
        Suppose I decide to pay off a huge chunk of principal, will
        the amount of interest I need to pay decrease drastically, or
        do banks still want to take out a huge chunk of interest rate?
        \_ You don't actually have separate "interest" and "principal"; you
2011/11/27-2012/1/10 [Finance/Banking] UID:54243 Activity:nil
11/27   Whoa, since when did FDIC coverage go up to $250,000? That's cool.
        So is this coverage per customer per bank, per account per bank,
        total per person, etc?
        \_ I believe that it is per customer per bank. Not 100% sure though.
           \_ Yes, and you can get even more with joint accounts, etc.:
2010/8/12-9/7 [Finance/Investment] UID:53923 Activity:nil
8/12    Holy crap.  Feds will monitize the debt.  Say goodbye to the dollar.
           \_ Would Canada and Mexico want to devalue their currency by
              being associated with us?
        \_ "This has all happened before, and it will happen again."
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A: Here is a pie chart showing the makeup, or ownership, of the National Debt as of December 1998. Ownership of the National Debt As you can see, the largest slice of the pie, over 40%, is owed to the F ederal Reserve Bank and to other government accounts; that is, this par t of the Debt is owed by one part of the government to another. The Treasury Bulletin is the best place to find the latest information on this subject. Q: What is the difference between the Debt and the Deficit? A: The National Debt is the total amount of money owed by the government ; the federal budget deficit is the yearly amount by which spending exc eeds revenue. Add up all the deficits (and subtract those few budget su rpluses we've had) for the past 200+ years and you'll get the current N ational Debt. Reducing the deficit ju st means we're adding less to the Debt this year than we did last year. When are we going to start seeing the Debt actually go down? A: The National Debt on January 1st 1791 was just $75 million dollars. From time to time, I've gotten e-mail saying that the above graph is fla wed -- it's just showing normal inflation. Well, I took the Debt number s from the above graph and converted them all to 2000 dollars. Picking a different year would not have changed the shape of the graph below, j ust its height: US National Debt, corrected for inflation (2000 dollars) As you can see, except for a rise at the end of World War II, the Debt r emained remarkably constant for nearly forty years when inflationary fo rces are taken into account. After 1983 however, with the notable excep tion of the Fiscal Years ending in September of 2000 and 2001, the tren d has been upward even when inflation is taken into account. Q: I looked at the Debt Clock yesterday and I think it showed a higher v alue than it does today. On average, the Debt is always rising but there ar e some day to day fluctuations which can cause the debt to actually go down for a day or two. The long term averages however, show that the De bt just keeps getting higher and higher. This was the first time in history the US N ational Debt surpassed the $7 trillion mark and came less than two year s after the Debt first passed $6 trillion. As a comparison, the National Debt took over six years to rise from $5 t rillion to $6 trillion. Every business day, the US Treasury d epartment releases new Debt figures for the previous day. I periodicall y get these figures and use them to adjust the Debt Clock's value so it remains accurate. I, or rather the CGI code I wrote for the Debt Clock, then calculate the current value of the Debt by a simple linear extrapolation between the recent date's value and the value for the debt about a year previously . Population Clock and use this to calculate each person's share of the total debt. Q: Can I put a link from my page to your Debt Clock page? com/debt_clock/"><b>US National Debt Clock</b></a><p> </center> I do have one request though: Please do NOT put my GIF image of the curr ent debt figure directly onto your page. First of all, the number will always be a little out of date due to the way my CGI program is written . Secondly, visitors to your site won't be able to read the rest of my page and learn more about the Debt. Lastly, (and most importantly to me =) you are giving the impression that you, not I, did all the work nec essary to create and maintain the Debt Clock. Concord Coalition, a group dedicated to eliminating federal budget deficits, at their toll-free number: 1-888-DEFICIT (1-888-333-42 48) and ask them your questions. You may very well end up joining the C oncord Coalition!